The framework consists of activities and components that are necessary to successfully identify, define, select, apply, and improve benchmarking for IT project performance. It also provides definitions for IT project performance benchmarking terms.

The target audience of ISO/IEC 29155-1:2011 are the stakeholders of IT project performance benchmarking.

ISO/IEC 29155-1:2011 does not prescribe how to organize benchmarking. It is out of the scope of ISO/IEC 29155-1:2011 to prescribe the name, format, or explicit content of the documentation to be produced from the benchmarking process.